SOURCE: PYMNTS.COM
PHOTO: PIXABAY
Mastercard and Swedish FinTech Doconomy have collaborated to develop a tool that lets consumers calculate the carbon footprint of their shopping habits, according to a press release.
The Mastercard Carbon Calculator is now part of the company’s global network and is customizable to suit the needs of banks’ eco-conscious clients, the release stated. New Mastercard research showed that sustainability is on the minds of people post-pandemic, with 54 percent indicating that preserving the environment is more important now than it was pre-COVID-19. The new data pointed to a growing eco-consciousness trend when it comes to spending and consumption.
The research also showed that 58 percent of consumers are more eco-conscious than ever before, with 65 percent of millennials and Generation Z leading the way, according to the release. Some 62 percent of respondents also said they thought corporations should step up their sustainability efforts.
“Companies, consumers and communities must work together to make the significant changes needed to effectively address climate change,” said Mastercard Chief Digital Officer Jorn Lambert in the release.